The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-12-01
THE FIGHT FOR THE c., Fl. g. d.
Rumor that Mr.. Ives and His Friends
Are Likely to Soon Regain Control,
But the Logic of the Situation Points Straight
Toward the Corbin-Sully Syndicate or
the Pennsylvania-L Local Notes.

In railroad and business circles the future of
tie CINCINNATI Hamilton g. Dayton has again
become one Of the leading topics of discussion
The following telegram from Cincinnati gives
evidence that the Ives-Staynor deal is again
coming into prominence:
San evening paper asserts that il has response
bic authority for the statement that movements
in progress which in two weeks will resultin
placing Henry 5. Ives & Go. in control OF the
Cincinnati. Hamilton & Dayton railroad.
mysterious visit OF Mr.. Crom well MIR. Ives as
signee. ia cited in support of the rumor. coupled
with the fact that A. b. Morehead and Albert
Meter, brokers' are actively buying Cincin-
nati Hamilton g. Dayton stock It's said, Also
that the Emorye, who own the Dayton &c MICH
iean property leased by the c.: Fl. u, are
anxious 10 get their road into their own hands
and aiding Ives. The assertion Is freely
made that Ives has found substantial oackers
and is able to become aggressive.
In commenting on the foregoing, railroad
president who keeps posted on the movements
of the railroad kings. yesterday said: THE
future of the Cincinnati. Hamilton & Dayton, is
pregnant with possibilities" He then went on
10 say that evidence was accommodating daily that
what is known the Corbin -Suliy syndicate.
which has figured so prominently in number
OF the large railroad deals within the last twelve
months, has taken up the cause of what is
known the Ives Staynor syndicate which
created sensation few months ago by gath
srine in the C. q. & D. and the Vandalia- 9.
W. Fairbanks, who represents the Corbin party
in the West as its general solicitor, has
spent most of his time of late with
c. c. Waite and other persons who
are interested in the affairs Of the
c.. Il. & D., and ii is believed the frequent con-
ferences will terminate in the c.. 81. & D. be-
coming part of the system of roads controlled
by the Corbin- Sully party. The value of the
~ n q r. D r. TX
apparent It would give them valuable ter
rninals. direct route from Cincinnati to San
dusky, let them into Toledo on the north, give
them q direct route from Peoria to Cincinnati
and, what is more important, give them op-
porturity to carry out the Ives-Staynor pro-
eramme in relation to the Vandala. By secur-
ing the Vaudalia the L. B. g. W. would become
one of the most important trunk lines from St.
Louis East. and give them, also. an opportunity
to retsliats on the Pennsylvania Company for
the shabby treatment they (the L, B. s. W.
have received at the hands of that
great company. An l.. B. s. w. Off
sial, within a week. remarked that the terminal
facilities that the T., FL. g. possessed at Indi-
annapolis and Terre Haute. and through tho
lease OF the Vandalia at ST. Louis. were worth
more money than the Ives-Staynor syndicate
were to pay VIM. r. McKeen for the Terre
Haute & Indianapolis road. This official stated
that whether the programme would be carried
cut IvesStaynor deal time would TELL but
he was positive that the Corbin-Sully syndicate
were fun nishing the money. and sanguine that in
the end the c., r. g D., the l., B. & w. and the
Vandalia would be operated one interest.
Up to the present date VIM. r McKeen has
been paid but s40O,00 of the purchase money
the Ives-Staynor syndicate pay
for the T., II. e. I. road, through which pur-
shase they secured control of the Vanda.ia. and
the purchaser has until January to pay the
remaIrine ST. 400. 000 Another theory is that
the Corbin-Sullv syndicate Ia securing this road
for the Pennsylvania Railroad Company. that
.throueh it they may secure control of the
Wandalia, which would clip from their grasp |
should either ,he G., Fl. & D. or the l., B. & w. |
get control of the Vandalia 1t is argued that |
the Pennsylvania people adopted the same |
tactics using the same parties TO bring under |
their control the Philadelphia &c Reading road. |
One thing is quite evident-ths Pennsylvania
will leave no stone unturned to prevent the l.,
B. & W. securing the control Of the Vandalia |
through the purchase Of the c.. Fl. g D.